readx;

"Not yet, in fact he owes a much bigger debt. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 info" Ye said with a smile.

"Come on, it stands to reason that in terms of the situation in the United States at that time, express delivery should be very marketable? How can you be in debt again? Chu Jingxuan felt a little curious.

"Smith won such a high level of venture capital not only because of how attractive his market analysis is, nor because the venture capitalist wants to get a miraculous harvest from it, but because of his personal charisma, many venture capitalists who participated in the investment said that we invested because of Smith, and he will definitely become a rare great entrepreneur who creates myths." Ye Kai continued.

"Oh, charisma." Chu Jingxuan nodded when she heard this, and suddenly asked, "You gave me 100 million US dollars, is it also because my personal charm is unstoppable?" ”

"Yes...... Ye Kai replied with a smile, "When I saw you for the first time, my heart was shot to pieces, of course I couldn't resist your infinite charm, let alone borrowing money, even if it was a borrower, it was no problem." ”

"Talking." Chu Jingxuan glared at him, but there was a feeling of beauty in her heart.

Ye Kai looked at Chu Jingxuan with a smile, and said in his heart that the little girl is easy to deceive and coax, and if she says a few more good words, she will not be able to distinguish between east and west, north and south, if it is a few years later, people will become old and fine, and it will not be so easy to fool.

"The first thing Smith did after receiving venture capital was to buy another 33 Dasolt Eagle aircraft, everything was ready, and in April 1973, FedEx officially began business." Ye Kai said. "FedEx started with its services to 25 cities, but it was disappointing that only 186 packages were delivered on the first night. In the first 26 months of business, FedEx lost $29.3 million and owed $49 million to creditors, and FedEx was in danger of bankruptcy at any moment. ”

"And then?" Miss Chu is really interested in the affairs of this senior.

It's no wonder that she is now engaged in venture capital. Therefore, I am also concerned about similar cases, but there are too few ready-made teaching materials in China. Everything needs to be figured out by yourself, and now that Ye Kai is here to say something, of course, it is a good opportunity to ask for it.

Later, the method that Smith engaged in was actually to cultivate the market first. Low-profit operation. Ye Kai replied.

In order to improve the business situation, Smith tried his best to win customers and open up the market, and in order to get the contract of the US General Administration, FedEx opened six routes in the west, and he killed the price very low. So much so that it makes people wonder if there is still profit.

Smith, however, had an eye on the longer-term benefits, believing that the business, even though it was not highly profitable, could be used as a façade for the company.

It may also be that God rewards hard work, and FedEx, which is struggling in a difficult situation, has encountered unexpected good luck. First of all, the city government lifted the restrictions on the air transport industry, which greatly increased the transportation volume of the freight industry.

Due to the sudden surge in demand for commercial transportation, the major domestic freight forwarding agencies were overwhelmed with business in large cities, and simply did not have the strength to meet the requirements of small cities, which provided FedEx with a significant market gap, so that its business volume increased rapidly.

In 1975, the company became profitable, with revenues of $75 million that year.

1976 year. FedEx earned a net profit of $3.5 million.

In 1977, annual revenue exceeded $100 million. Net profit of US$8.2 million.

In 1978, the company's revenue grew at a rate of about 40% per year. By this time, FedEx had 6,700 employees and delivered 65,000 packages a night to 89 cities across the country.

In 1979, FedEx had an annual operating income of $259.5 million and a net profit of $21.4 million.

In 1983, the company's annual revenue reached $1 billion, becoming the first company in U.S. history to surpass $1 billion in turnover less than 10 years ago without acquisitions or mergers.

By the late '80s, FedEx had annual revenues of more than $3.5 billion and a net profit of $176 million. FedEx provides services to 90 countries and regions around the world, with 54,000 employees, ranking first among air cargo companies in the world in all performance indicators, and becoming a leading enterprise in the global overnight express delivery industry.

"In 1990, FedEx received the prestigious Malcolm Award for its perfect service. The Baldridge Award, FedEx is the first service company in U.S. history to receive this award. "In the history of American business, FedEx is one of the largest venture-founded companies, which makes their success an entrepreneurial miracle." If FedEx had failed, we wouldn't have seen the unprecedented activity of the venture capital market today, and while the venture capital market would still exist, it would be much less active. ”

"The demeanor of the predecessors is really admirable." Chu Jingxuan nodded and agreed, "Now that I am in China, I can be regarded as a leader in the venture capital industry, but I don't know if I can achieve the expected goals and become a benchmark for China's venture capital industry." ”

"I don't think it's a big problem." Ye Kai said with a smile, but his heart was full of yearning for the next few years.

In fact, in today's country, there are too many opportunities for development, whether it is from the real estate industry, home appliance industry, transportation industry, and even most of the service industry, there are many opportunities.

Of course, the power of venture capital has not yet been revealed, at least until a few years later, when the Internet begins to gain popularity in China, and venture angel investors will become popular in China.

Behind myths such as Yahoo is the legend of SoftBank.

The dazzling new economy is like the car of the sun god, speeding forward in the roar of technology and capital.

Although China's economic development is decades behind that of the United States, the Internet boom has swept across the ocean seemingly overnight, giving Chinese people the opportunity to be on an equal footing with the American economy before they are fully ready.

There was a time when there was a frenzy and restlessness in the air, and for many, the realization of dreams seemed within reach.

When Zhang Chaoyang and Negroponte appeared on the cover of Time magazine at the same time, he may not have imagined the gloom two years later.

But if Zhang Chaoyang can still be regarded as a well-deserved representative and pioneer of China's new economy, it is indeed not because he brought the Internet to China first, but because he brought Sohu and also brought funds from venture capitalists such as News Corp., so as to tell people the real rules of the game of the new economy, and thus triggered the new economy.

The flat thunder of the Internet also highlights the peerless demeanor of venture capital. Although venture capitalists had already been fumbling for action long before that.

**After that, there will be a low tide, and the new economy is no exception.

Later, in April 2000, the collapse of the NASDAQ, in addition to covering the flames of the new economy with a heavy layer of snow, led to the advent of the Internet "Ice Age", but also proved to everyone that venture capitalists are not all angels, and when they suddenly retreat, the result is like the devil descending.

However, in Ye Kai's view, this is also very normal, capital comes from profit-seeking, and no one will really be Lei Feng.

When Uncle Lei Feng did good deeds, he really didn't leave a name, but he wrote a diary.

Venture capitalists have achieved the glory of the Internet era, and the nature of venture capitalists determines their behavior of withdrawing salaries from the bottom of the kettle. The truth is that the loneliness of venture capitalists is only temporary after all, and will not disappear silently with the sudden fall of China's three major gateways.

"You can never cut off the continuity brought by time, for example, if the same VC can be used throughout, it will inevitably be able to show different characteristics in different periods, they appear in different era backgrounds, and the general environment is decisive for their different investment styles." Thinking of this, Ye Kai couldn't help but say something that made Chu Jingxuan feel a little strange.

"What?" Chu Jingxuan expressed doubts, she didn't understand Ye Kai's words.

"I mean, you're a good venture capitalist, and you're going to be the best you can be." Ye Kai replied.

For Chu Jingxuan, it is much better to be a venture capital than to do business.

With the bank in his back, cash in hand, and the connections of the old Chu family, there are not many things that are uneven in the country, and with a prescient figure like Ye Kai behind his back, he only needs to select a few projects and invest them, and he can sit and wait for them to grow up and share the joy of harvest.

Perhaps from some aspects, Chu Jingxuan has all the advantages of being a venture capitalist, and compared with her foreign counterparts, the advantages are more prominent, and the localized venture capital has a better understanding of the national conditions, knows what can be done, what cannot be done, what can make money, and what does not work at all.

Foreign venture capitalists are different, although they also have agents in China, but due to their different ideas, there are often great differences in communication, so the inconsistent approach has an obvious impact on work efficiency, and many businesses are broken in this disagreement.

Therefore, Ye Kai is very optimistic about Chu Jingxuan's development, although she only has 200 million US dollars and 100 million yuan in her hands now, she has more opportunities and better development prospects.

"Of course I'm going to be the best." Chu Jingxuan raised her wine glass and took a sip, before she said with a smile, "Otherwise, you wouldn't be worthy of Ye Ershao." ”

"Deserved, who said that I am not worthy of going head-to-head with him!" When Ye Kai heard this, his heart suddenly burst out, and he immediately patted his chest and said.